Tuesday, November 12, 2013

Govt asked industry to work out details of NRP

The government of India has welcomed suggestion of having a national policy for rubber and is considering formulation of a national policy rubber on the lines of national policies for petroleum, textiles and IT. The development commissioner for rubber in the Ministry of Commerce J S Deepak has asked the industry to work out the details of national rubber policy (NRP).

RSS4 grade closed at `.157 a kg at Kottayam, while National Multi Commodity Exchange November futures closed at `.160.59 a kg, December at `.161.24 and January 2014 at `.163.32 a kg. RSS3 grade closed at `.158.08 a kg at Bangkok and Malaysian SMR20 closed at `.145.45 a kg. While Tokyo Commodity Exchange, November futures series closed at ¥248.5 a kg, December at ¥250.2, January 2014 at ¥251.9, February at ¥254.4, March at ¥256.6 and the contract for delivery in April 2014 at ¥258.6 a kg. On Wednesday most probably market is expected to be in green.

Read lot more in Rubber4U – 15th November 2013 issue

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